Binance CEO responds to EU MiCA regulations taking effect: Will fully support user transition.
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Binance: The effectiveness of MiCA is measured by the number of crypto companies included in the regulatory system.
Odaily reports that Binance withdrew its MiCA license application in Greece due to approval delays and regulatory uncertainty, and was forced to suspend some services and new registrations for EU users a few days before the July 1st deadline. Gillian Lynch, Binance's head of Europe, stated that the success of MiCA should be measured by how many crypto companies are brought under the regulatory framework, and defended Binance's financial crime control measures, refuting allegations in a recent Wall Street Journal report. Lynch stated that removing Binance from MiCA would harm the European crypto market by removing key liquidity and infrastructure, and Binance remains committed to obtaining a new license and remaining in Europe. (CoinDesk)
Binance brushes off Lagarde MiCA speculation, reaffirms Europe commitment
Binance declined to address reports of ECB intervention in its Greek MiCA bid, saying it remains committed to securing authorization in Europe.
BINANCE CURBS COMMODITY PERPS TO 24/5 TO MATCH TRADFI HOURS, EFFECTIVE SEPT 15, 21:00 UTC: FILING https://t.co/L9oN4mB9cL
AggrNews News, Binance Curbs Commodity Perps to 24/5 to Match Tradfi Hours, Effective Sept 15, 21:00 UTC: Filing HTTPS://T.CO/L9ON4MB9CL
Binance: The standard for judging MiCA should be the number of companies included in its regulation, not whether there are any rules.
PANews reported on July 3rd that, according to CoinDesk, Gillian Lynch, Binance's head of Europe and the UK, stated that the success of the EU's MiCA regulation depends on how many companies are included in the regulatory system, not just on whether it has a rulebook. Binance withdrew its MiCA application to Greece last week, leading to an emergency notice to users 10 days before the July 1st deadline, suspending some services and halting new registrations. Lynch denied a Wall Street Journal report that the European Securities and Markets Authority (ESMA) privately advised Greece to reject Binance's application, calling it a "distortion of the facts." She stated that Binance delisted the relevant accounts and reported the anomaly to law enforcement after discovering the irregularities. She also refuted allegations that Binance ignored sanctions or retaliated against compliance staff.
Gate Founder Dr. Han: Gate's early completion of MiCA licensing will push the European crypto market towards fair competition.
According to ChainCatcher, CoinDesk reports that with the full implementation of the EU's Crypto Asset Market Regulation (MiCA), the European digital asset market has entered a new era of unified regulation. Regarding the impact of MiCA on the industry landscape, Gate founder and CEO Dr. Han stated in an interview that Gate began its European compliance preparations several years ago and completed its MiCA and Payment Institution (PI) license preparations ahead of schedule in 2025. He pointed out that the significance of MiCA lies not only in establishing a unified regulatory framework, but more importantly, in putting all market participants on a level playing field. "Only when all platforms adhere to the same rules can the industry truly compete around products, services, and user experience." He also stated that if unauthorized platforms continue to provide services to European users, a level playing field will remain a challenge, making effective regulatory enforcement equally crucial. Currently, Gate Europe is leveraging its MiCA and PI licenses to continuously improve its compliance system, risk management, and operational governance capabilities, and is continuously deepening its global compliance strategy. In addition to Europe, multiple Gate entities have completed relevant regulatory registrations, license applications, or obtained authorizations and approvals in jurisdictions such as Malta, the Bahamas, Japan, the United States, Australia, and Dubai. Through multi-regional regulatory approvals, Gate has solidified its global business foundation and continues to provide global users with safer, more transparent, and more efficient digital asset services. Looking ahead, Gate will continue to adhere to a parallel development strategy of compliance and innovation, promoting the long-term healthy development of the digital asset industry through superior product experiences and global service capabilities.
Ripple has been fully licensed by MiCA CASP and can provide crypto asset services in 30 EEA countries.
According to Mars Finance, The Block reports that Ripple has announced it has received full MiCA CASP (Crypto Asset Service Provider) authorization from Luxembourg's financial regulator CSSF, allowing it to legally provide crypto asset services in all 30 countries of the European Economic Area.